Green Fuel invests in Bulgarian biofuel plant
Spanish biofuel company Green Fuel has announced that it is investing $71.8 million in a biodiesel and bioethanol plant in Bulgaria.
Construction begins in early 2008 and will be located in Pleven near the Danube. The plant will have an annual capacity to turn 250,000 tons of oil crop and 100,000 tons of grain crop into 110,000 tons of biodiesel and 60 million tons of bioethanol. Raw material will be sourced from the local farmers directly.
Green Fuel will take advantage of the site’s proximity to Romania to import oil and grain. The new plant is expected to serve 50% of Bulgaria’s biodiesel output. Another site is expected to be announced shortly. (energy-business-review)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.